Press Release Refutation

Regarding the information released during the News Room show on 03.02.2016, 16:30 hours, on Realitatea TV, entitled: ‘source, City Insurance has been taken over by the state’, we wish to specify the following:

This news has no real background.

Societatea de Asigurare-Reasigurare City Insurance S.A. performs its activity in compliance with the legal provisions and regulations in force.

We flatly deny any interpretation that would question the credibility of Societatea de Asigurare-Reasigurare City Insurance S.A.

We reserve the right to defend ourselves in court and we will do so.

In these circumstances, in order to correctly inform the public, Societatea de Asigurare-Reasigurare City Insurance S.A. has requested the immediate rectification of the abovementioned misinformation, by publishing this denial.